Year:
2015
Court:
California Court of Appeal, First Appellate District, Division Two
Case Number:
A143190
Issue:
- Loss Settlement Valuation for Actual Cash Value Policies
State:
- California
Under the California Insurance Code, the California Fair Plan, the state’s insurer-of-last-resort, is required to, in the case of a partial loss to a policyholder’s home, pay the lesser of the cost of repair or the policy limits under an actual cash value policy. In…